About

Swot Anaysis of Hugo Boss

• State of the art production facilities spread across the world including Germany, Turkey, Italy, Poland, Switzerland and the United States.

• High quality of working environment is essential and the company ensures the same through their suppliers by enforcing contracts stating that they will meet all statutory requirements and observe social standards.

• Hugo Boss enforces charitable work around the world. Their partnership with UNICEF includes work with “schools for Africa”.

...Business Overview:
The Group's principal activity is to design and sell fashion clothing and accessories. The Group offers ready-to wear clothing, inner garments and sports wear for men and women. The Group also offers accessories such as bags, shoes, eye wear, perfumes, cosmetics, fashion jewellery and watches. The Group markets its products under the brand names Boss, Hugo and Baldessarin. The Group operates mainly in the United States, Switzerland, Germany, Italy, Poland, the United Kingdom, Canada and Australia.
SWOT Analysis:
Strengths:
• State of the art production facilities spread around the world in Germany, Turkey, Italy, Poland, Switzerland and the United States.
• HugoBoss ensures high working environment for all staff and ensure the same is held by their suppliers by ensuring they sign contracts undertaking to meet all statutory requirements and observe the HUGOBOSS social standards. Their compliance is monitored and, in the event of proven violations, our contracts entitle us to discontinue relations with the party involved.
• HUGOBOSS Group is engaged in charitable work around the world. Within our partnership with UNICEF, the projects supported include “Schools for Africa”; here they have set themselves the target of helping to open numerous schools on the continent every single year.
• Diversified across the industry...

...HugoBoss has become known as an industry trend setter for its high quality men’s and women’s fashion apparel, shoes, and accessories. Product leadership, intimate knowledge of their market and customers, and operational excellence are what distinguish the company from others in the luxury fashion goods industry. From an operational perspective, the variability that exists as a result of designing and manufacturing short run fashion products is high. This perpetual shifting of demands and preferences makes it difficult to maintain accurate industry forecasts that result in high risk actions as manufacturing products with no guarantee of sale leading to large scale inventory systems.
The CEO had to walk a fine line between supplying his customers’ orders promptly, or tying up his production partners with orders that may or may not be placed. Skilled management of the design, planning, and operations of the supply chain impact the success and overall profitability of the operation. As is clearly stated in chapter one of Chopra, “The goal during the operation phase is to exploit the reduction of uncertainty and optimize performance within the constraints established by the configuration and planning policies.”
• Body wear NOS SKU’s are functional products because they do not change seasonally, including style, color, or fabric, and remain constant year after year for a period of three years.
• Some important factors to consider for the...

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HugoBoss is a luxury product company and its core business is in the sales of high-end design clothing. However, it also sells royalties such as its colognes, watches and other merchandise to increase profits. Its strategy to drive growth would be to be more customer-oriented and to have a quick response to sales in the market. Some of its competitors would be the high-end companies such as Burberry and Armani. Its main target audience is the higher income men. With a Compound Annual Growth Rate (CAGR) of around 10.11% in the past 6 years, it can be concluded that HugoBoss is doing well even though there was a financial crisis and that it is a company worth investing in. HugoBoss was founded in 1924 by HugoBoss himself.
With 100 years of history, it is safe to say that HugoBoss is an old company. Its headquarters is currently set in Metzingen, Germany, showing that it is European-oriented but it also has markets all over the world. It is also a big company as it has 9027 employees and in 2010 it made a €1.7 billion in revenue and €206.4 million in profits. However, in comparison with the biggest company in the industry, Louis Vutton Moët Hennessy (LVMH), HugoBoss is only 3/20 times of LVMH.
From Figure 1.1, you can see that the main growth of HugoBoss comes...

...HUGOBOSS COLLECTION
CURRENT STYLES
Retail Value Fall/Winter 2014
NEW IN STORE LOOKS THIS
WEEK FROM HUGOBOSS
The Look Of Luxury Boss Men’s Winter collection inspired by architecture and
style features the three piece suit otherwise known as “three piece perfection”
This particular suit featured in photo is known as the T-Herwin/Gibbs WE’/ Slim
Fit, Italian Virgin Wool 3 piece suit by Boss which retails at $1995.00.
This three-piece suit from BOSS Tailored Collection is crafted in Italy's lauded E.
Thomas mill from pure virgin wool for a luxurious feel. This slim fit suit in a
woven pattern has notched lapels with a decorative buttonhole, two front flap
pockets, a front piped pocket, and a chest welt pocket. The vest features a sixbutton double breasted front closure. Side vents and darts at the front and back
complete the style. 100% Virgin wool, Lining: 100% Cupro, Sleeve lining: 100%
Cupro
Boss 3 piece suits and tuxedos generally retail anywhere from $895.00$1995.00 all featuring pure virgin wool and some with silk blends.
HUGO BY HUGOBOSS
FALL/WINTER 2014 TECH NATION
• Dark Colors with sharp innovative street styles and bold
textures.
• This look features the Mepko Virgin Wool Blend Coat by
Hugo This coat by HUGO is made from a virgin wool blend
for comfort. This zip up coat features a...

...Individual Reflective Statement
Accounting is the system of recording, verifying and reporting of the valve of assets, liabilities, income and expenses in the books of account to which debit and credit entries are chronologically posted to record changes in valve.
An Accountant is a practitioner of accountancy, which is the measurement, disclosure or provision of assurance about financial information that helps managers, investors, tax authorities and other decision makers make resource allocation decisions.
Accounting has always been an interest of mine. Since I was a child, I have always wanted a career in accountancy. Therefore the career I have chosen is to be a Public Accountant. Public Accountants work under the accounting industry which is all along with my interest.
Public Accountant is the profession who perform a broad range of accounting, auditing, tax, and consulting activities for her clients, which may be corporations, government, non-profit organisations or individuals. Some public accountants specialise in forensic accounting. This involves investigating and interpreting white-collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes. Public accountants are a vital part of any strong business or organisation. They are respected and admired by their peers, clients and social circles; this is also one of the reasons why I have chosen this career. Also the other factors which have made me to choose my goal of...

...The Invention of Hugo Cabret
(Note I cited the quotes Part; Chapter; Paragraph)
The Invention of Hugo Cabret is a very diverse and complicated novel where images have an equal importance to the story as words. The story is set in the heart of Paris with the great monument, the Eiffel tower, looming over the train station where the whole story is basically set. Throughout the story we are accompanied by three main characters Papa Georges, Hugo and the heroine Isabelle. Papa Georges, the refined character who held all of his thoughts together. He changed dramatically throughout the novel and is trying to contain his personal thoughts ,which finally came out at the arrival of Hugo. Isabelle is a Bookworm who loves to express herself in a more verbal tone. Isabelle is the key to the change between Georges and Hugo. Isabelle, understanding the truth of her very own dad, supports Papa Georges whilst giving him the real facts on what he is hiding. That brings us to Hugo the hero of the book. Hugo once an orphan boy fighting for survival turns his lie upside down. He begins to believe in himself and gain many key values along the way.
Papa Georges, an old man with a minute build but very expressional face. He was a total mess at the start of the novel, containing many of his personal problems to himself, even keeping them away from his very own family. Papa George was at the verge...